Data443 Classification, eDiscovery and GDPR Compliance Now Available for Use with Ripple Blockchain

RALEIGH, N.C., May 16, 2018 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc., a leading data security company, today announced regular availability of its API infrastructure for its award-winning data classification, governance, and eDiscovery product ClassiDocs™ to support advanced regulations like the General Data Protection Regulation (GDPR) and privacy legislation within the growing blockchain ecosystem.

The use of blockchain technology is rapidly moving beyond cryptocurrencies and into realms where personal data is stored and shared. This means blockchain environments and the organizations that operate within them are subject to data privacy regulations. ClassiDocs powers classification capabilities for personally identifiable information (PII) and other information sets within blockchains, which in turn enables organizations to perform discovery, response, and remediation actions based on compliance mandates.

“Since we announced our initial blockchain capability at the 2018 RSA Conference in San Francisco, we have augmented the implementation with additional PII detection capabilities that are key for GDPR and privacy compliance enablement,” said Jason Remillard, CEO and founder of Data443 Risk Mitigation, Inc. “Because we have been a Ripple validator for months, we implemented this new capability within the Ripple framework. Ripple has a long history and proven success in the financial services and enterprise marketplace, which is key to many of our target markets. ClassiDocs™ addresses these data compliance capabilities with generic and explicit PII recognition capabilities coupled with inherent Machine Learning capabilities for specific PII. It’s a first and one-of-a-kind offering for the blockchain ecosystem that companies can begin to use immediately.”

Data443 launched public and validated “Validator” services in February 2018 to support the function and transactions of Ripple’s ecosystem. But distributed ledger is only one segment of the rapidly growing blockchain-enabled marketplace. With Data443’s ClassiDocs™, organizations and entities that use blockchain technology to store and share personal data, such as health records or taxpayer information, can enable compliance capabilities and data security requirements with GDPR and Payment Card Industry (PCI) data security standards.

Specific Features Include:

Scan authorized transactions of participating partners

Apply classification, reporting, repudiation and governance actions related to the data set

Forward-Looking StatementsExcept for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See DATA443 Risk Mitigation, Inc.’s filings with the SEC, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

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